Zhejiang Extek Technology Co (SZSE:301399) ROCE % : 3.54% (As of Mar. 2024)

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What is Zhejiang Extek Technology Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Zhejiang Extek Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.54%.

Zhejiang Extek Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Extek Technology Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Zhejiang Extek Technology Co ROCE % Chart

Zhejiang Extek Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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40.46

41.99

34.19

31.16

13.60

Zhejiang Extek Technology Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												14.75	14.24	11.66	10.18	3.54

Zhejiang Extek Technology Co ROCE % Calculation

Zhejiang Extek Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	116.539	/	( ( (541.931 - 149.32)	+	(1425.794 - 105.088) )	/ 2 )
	=	116.539	/	( (392.611	+	1320.706)	/ 2 )
	=	116.539	/	856.6585
	=	13.60 %

Zhejiang Extek Technology Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	47.008	/	( ( (1425.794 - 105.088)	+	(1377.097 - 45.539) )	/ 2 )
	=	47.008	/	( ( 1320.706	+	1331.558 )	/ 2 )
	=	47.008	/	1326.132
	=	3.54 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Zhejiang Extek Technology Co (SZSE:301399) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Zhejiang Extek Technology Co ROCE % Related Terms

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Zhejiang Extek Technology Co (SZSE:301399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Extek Technology Co Ltd (SZSE:301399) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 468, Lesan Road, Dipu Street, Anji County, Zhejiang Province, Huzhou, CHN, 313300

Website

http://www.extek.com.cn

Zhejiang Extek Technology Co Ltd is a high-tech enterprise specializing in the research, development, production and sales of high-efficiency heat exchangers. Its products mainly include high-efficiency new shell-and-tube heat exchangers, and coaxial casing heat Products such as heat exchangers and distributors, as the core components of heat pumps and air conditioners, are widely used in heating, hot water, refrigeration, industrial and agricultural production and other fields.

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